Latest numbers released by Iran’s Customs Bureau show 21% growth in the country’s non-crude oil exports in the first nine months of the current Iranian calendar year, totaling more than $22 billion. The figure includes the export of natural gas and petrochemical products. China, Iraq, UAE, India and Afghanistan, in that order, were the biggest importers of Iranian non-crude products. (In addition, Iran exports approximately 2.1 million barrels a day of crude oil. Crude export figures are not released by the Customs Bureau).
Iran’s imports were at $47 billion, a 26% increase over the first nine months of last year. In the same period, the Iranian currency lost some 4.5% of its value against US dollar (from 9,897 rials per dollar to 10,338 rials).
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The number is not a very good gauge because a lot of it is petrochems.
Iran has been expanding production at a very high pace and it is practically a cash cow, since Iranian gas as feedstock provides an insurmountable competitive advantage over international producers.
basic petrochemicals, in fact, are simply a way to export your gas in the form of goods.
That also explains why China is #1 on the importers' list. Iraq is clearly the biggest importer of non-carbon Iranian exports.
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